How does the assessor determine my assessed value?
To insure properties are assessed uniformly and at 50% of market value, the assessor uses a one year sales study that is provided by the Wayne County Equalization Department. A sales study is an analysis of the sales price of the property compared to its SEV. The sales study for assessments runs one year from October 1 of the prior year through September 30 of the current year. The sales are then organized by economic neighborhoods by the assessor. An economic neighborhood can be a single subdivision or a grouping of subdivisions with similar characteristics. If the sales in a certain economic neighborhood indicate an increase or decrease then all of the properties in that economic neighborhood will be changed by what the sales have indicated. This insures all properties are assessed at 50% of market value as of December 31.

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1. When are my taxes due?
2. Does Canton accept credit cards for tax payments?
3. I need a copy of a paid receipt. Where can I get one?
4. Who receives the funds from my tax bill?
5. What do the terms "Assessed Value," "State Equalized Value" and "Taxable Value" mean on my Notice of Assessment?
6. How does the assessor determine my assessed value?
7. What determines the taxable value?
8. Property values in my neighborhood have been decreasing. Will my property valuation be decreasing as well?
9. Does that mean I’ll pay more property taxes instead of less?
10. Why won’t my taxes decrease if my property value is going down?
11. Will my taxes ever go down?
12. What are some of the disadvantages about the Proposal A legislation?
13. What is a principal residence exemption?
14. Can I contest my assessed value and taxable value?
15. How can I estimate my taxes from the assessment change notice?